Kunshan Asia Aroma Corp., Ltd. announced a private placement to issue A shares at an not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of not more than CNY 180,000,000 on April 20, 2023. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date.

The transaction has been approved in the 8th Meeting of the 3rd Directorate.